This LBank Omni Futures Service Agreement (hereinafter referred to as the “Agreement”) governs the rights and obligations between you (hereinafter referred to as the “User” or “you”) and LBank Technology Inc. (hereinafter referred to as “we,” “LBank,” or the “Company”) and its affiliates regarding your access to and use of the LBank Omni Futures interface services (collectively referred to as the “Services,” with the related interface referred to as the “Omni Futures Interface”).

By accessing or using the Services, you acknowledge that you have read, understood, and agree to be bound by this Agreement, the Terms of Service, and other related rules or policies (collectively referred to as the “Terms”). If you do not agree to any part of the Terms, please immediately discontinue use of the Services.

1. Service Description

1.1 Service Overview

The Omni Futures Interface is a web-based user interface and software tool that connects to open-source smart contracts to provide on-chain futures trading and liquidity provision functionalities. Key features include:

Market and Data Display: Real-time display of on-chain market data for futures assets, funding rates, liquidity pool depth, used margin, position mark prices, and unrealized profits or losses.
Futures Trading: Enables users to select underlying assets, adjust leverage, and execute open or close position operations.

1.2 Futures Pool Selection

LBank dynamically updates the list of accessible futures pools on the Omni Futures Interface based on criteria such as trading volume, liquidity depth, security audit reports, and market recognition. The selection of futures pools does not constitute investment advice or guarantees.

1.3 Commitment to Lawful Use

You agree to use the Services solely for lawful purposes, refrain from engaging in any illegal or regulatory-evading activities, and ensure that the source of your trading assets is legitimate.

1.4 Right to Refuse Service

LBank reserves the right to refuse, suspend, or terminate the provision of Services at any time if you violate this Agreement or engage in improper conduct, without incurring any liability for compensation.

2. Fees

2.1 Third-Party Fees

Use of third-party oracles or related protocols (e.g., insurance funds or risk control positions) may incur additional fees, which you shall bear independently.

2.2 LBank Platform Fees

Transaction Fees: LBank may charge fees for opening/closing futures positions or providing liquidity, with specific rates and discount rules disclosed on the Omni Futures Interface.
Funding Fees: Funding rates for leveraged futures positions are paid or received by long and short parties based on on-chain smart contract rules. LBank is responsible only for settlement and distribution, not for determining the rates.

You agree to pay applicable network fees and platform fees through your wallet software during transactions.

3. Ownership and Authorization

3.1 User Content

All content you submit or generate through the Services (including but not limited to text, data, order parameters, and smart contract calls, collectively referred to as “User Content”) remains your property. You grant LBank a worldwide, royalty-free, non-exclusive license to use, store, display, and distribute User Content to provide the Services.

3.2 Smart Contracts and Open-Source Software

Smart contracts and open-source components used by the Services are subject to their respective license agreements and are not restricted by other terms of this Agreement.

4. Risk Disclosure

Use of the Services involves the following risks, including but not limited to:

4.1 Leverage and Liquidation Risk

High-leverage futures trading amplifies profits and losses, and market volatility may trigger automatic liquidation, resulting in partial or total loss of principal.

4.2 Smart Contract Risk

Smart contracts may contain undiscovered vulnerabilities or security flaws, potentially leading to theft, locking, or loss of funds.

4.3 Price Volatility and Liquidity Risk

Limited market depth, extreme market conditions, or malicious attacks may cause slippage, inability to close positions promptly, or insufficient liquidity.

4.4 Regulatory and Legal Risk

On-chain futures trading may not be protected by regulatory authorities, and your assets may be unrecoverable in the event of platform or service disruptions.

4.5 Technical and Force Majeure Risks

LBank is not liable for service interruptions or transaction delays caused by network congestion, node failures, or other force majeure events.

The above risks are not exhaustive, and this disclosure does not constitute investment advice.

5. Prohibited Conduct

5.1 Market Manipulation

You are strictly prohibited from engaging in market manipulation activities, such as wash trading, spoofing, dual mining, or exploiting interface vulnerabilities or insider information for trading or arbitrage.

5.2 Handling of Violations

If you are suspected of violating this Agreement, LBank reserves the right to restrict or freeze your trading privileges, force-close or liquidate positions, and cooperate with regulatory or judicial investigations. You shall bear any resulting losses.

6. No Warranty

Unless expressly stated in writing by LBank, the Services and content are provided “as is” without any express or implied warranties, including but not limited to merchantability, fitness for a particular purpose, or non-infringement.

7. Limitation of Liability and Indemnification

7.1 Limitation of Liability

LBank’s cumulative liability arising from this Agreement shall not exceed the total platform fees collected from you in the 12 months prior to the incident. LBank is not liable for any indirect, special, incidental, or consequential damages.

7.2 Indemnification

You shall indemnify and hold LBank and its affiliates harmless from any liabilities arising from your use of the Services, violation of the Terms, or third-party claims.

8. Governing Law and Dispute Resolution

Any disputes arising from or related to this Agreement shall be resolved through amicable negotiation. If negotiation fails, either party may file a lawsuit in the People’s Court at the location of LBank’s website.

9. General Provisions

9.1 Updates to Terms

LBank reserves the right to update this Agreement at any time. The latest version and its publication date will be displayed on the Omni Futures Interface. Continued use of the Services constitutes acceptance of the updated Terms.

9.2 Language

The English version of this Agreement prevails. In case of discrepancies between the English version and other language versions, the English version shall govern.

10. Contact Information

For any questions regarding this Agreement, please contact us via email at: 📮 [email protected]

LBank Omni Futures Service Agreement